While Britney Spears and saving money aren't two images that usually pop up together (hey, it's not often a personal finance blogger like me finds an excuse to legitimately place a photo of Britney Spears in my blog - or even write about her
), I found it interesting what some legal analysts are saying about the timing of her divorce filing.It appears that Britney Spears filed for divorce from Kevin Federline on November 6 in order to avoid having to pay him an extra year of money in their divorce settlement. Legal analysts are noting that Britney filed the divorce papers at Los Angeles Superior Court exactly two years and one month from the time when they were officially married on October 6, 2004.
The rumor is that the pre-nuptial agreement said that Kevin Federline would receive increased payouts for every year the two remained married. While the two have been married for 2 years and 1 month, most pre-nuptial agreements of this type have a 30-day grace period. That means that November 6 would have been the last chance for Britney to get out of paying half of her income on the third year of their marriage (by filing on November 6, Kevin can now only claim half of Spears' earnings during the first two years).
I'm not sure financial reasons should be the determinant that you file for divorce, but then again, if financial reasons are behind the decision to get divorced, then the divorce was probably inevitable anyway...
November 10th, 2006 at 12:37 pm 1163162251
Either that, or I know whom I'd like to shack up with next....
(Not like that'll ever happen in a gazillion years or anything.
November 10th, 2006 at 02:52 pm 1163170331
I don't think Ms.Spears needs child support but I would pay it just the same. I guess I am an anachronism. That is of course if I had been married to her.
Actually I am old enough to be her father! Geez I am getting old!